This video breaks down the latest Federal Reserve decision, explains why a cautious Fed is good news for homebuyers, and shares crucial credit tips to help you prepare for buying a home. Learn the difference between soft and hard credit pulls, why you should check your credit early, and how opting out of credit monitoring can protect you from scams. Whether you’re a first-time homebuyer or refinancing, these insights will help you navigate the mortgage process with confidence.

Dave Steinberg NMLS: #67325 Mortgage Broker Summit Funding

Chapters
0:00 — Introduction: Rate Watch with Dave Steinberg

0:15 — Fed Decision: No Rate Cut on July 30th

0:40 — Why a Vigilant Fed Is Better

1:05 — Importance of Running Your Credit Early

1:30 — Soft Credit Pull Explained

1:50 — Opting Out to Avoid Scams

2:05 — Hard Pull When It’s Time to Buy

What You’ll Learn in This Video:
The Fed’s Latest Decision: Why the Federal Reserve didn’t drop interest rates on July 30th and what that means for mortgage rates.

Why a Cautious Fed is Better: Understanding why a vigilant Fed taking measured steps helps keep inflation and the housing market stable.

Why Checking Your Credit Early Matters: How running your credit report early in the homebuying process helps you identify and fix potential issues.

What a Soft Credit Pull Is: Learn how mortgage professionals can check your credit without affecting your score or alerting other lenders.

How to Opt Out of Credit Offers: Tips to protect yourself from scam calls and unwanted credit offers when you’re in the market for a home.

When a Hard Credit Pull Happens: What to expect when your credit is pulled for a mortgage application and why it usually won’t hurt your score.
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Connect with me:
Office: 718.575.1166
Email: dave@summitfunding.com
https://summitfunding.com
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Summit Funding | Registered Mortgage Broker (NMLS #52081) New York State Department of Financial Services
7030 137 Street, Kew Gardens Hills, NY 11367

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